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You are here: Home / Benchmarking & FTE & Operational Comparison / National Workers Compensation Management Scores™ are Quantifable — Best Practices Measured

National Workers Compensation Management Scores™ are Quantifable — Best Practices Measured

July 16, 2008 By //  by Director Leave a Comment

Our National Workers’ Compensation Management Scores™ are numeric scores ranked for 1-100. Yes, you CAN earn 18 extra point! No, the scoring is not graded on a curve… But, don’t worry too much about your scores because it’s intended as a learning experience. As you read the questions, you’ll learn what best practices you haven’t done, and you’ll probably be able to implement a few practices right away. Once you do that, you can retake your Best Practice Assessment to improve your Score, and you’ll see improvement on your Score Tracker.

 

Make as many improvements as you want, and continue to monitor progress. If you have multiple divisions, the scores of each is ranked best-to-worst so you’ll know instantly which divisions you need to concentrate on. Risk Managers have found this feature very helpful in targeting training needs and providing more resources and assistance. So, if you want to know where your biggest areas of cost savings are, have all divisions take the Best Practice Assessment and get their NWCS. Once they show improvement show the results to your broker and carrier to make a case for lower premiums. We’ll put you on a schedule for implementation of changes, that will further enhance your chances for lower premiums and collateral requirements.

 

Financial executives understand quantification, and a “score” provides uniform analysis that is quantifiable, so consider having all operating units get a National Workers’ Compensation Management Score™ .

 

Filed Under: Benchmarking & FTE & Operational Comparison, Workers Comp Kit Tagged With: Best Practices in Workers Comp, Management Commitment

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